Russia prohibits cryptocoins

[stuartb]

Russia prohibits cryptocoins. Link below.
https://www.reuters.com/article/us-russia-cenbank-bitcoin/russia-turns-cold-on-crypto-currencies-idUSKBN1CF0RF
How do you think the wave  and other coins will cope in such conditions?
What the burger king in russia will now treat as a criminal activity

[CryptosapienZA]

Hasn't Russia learned anything from China?? They can ban cryptocurrency all they want and they will continue to rise. The future is here and it is decentralised. They citizens will just find other ways to access cryptocurrencies that don't involve governments.

[alexey8080]

This is a bullshit, FUD and nothing more.

[colacat1111]

Russia prohibits cryptocoins. Link below.
https://www.reuters.com/article/us-russia-cenbank-bitcoin/russia-turns-cold-on-crypto-currencies-idUSKBN1CF0RF
How do you think the wave  and other coins will cope in such conditions?
What the burger king in russia will now treat as a criminal activity

Terrible to hear that.

[George.kv]

He is not baning it just trying to regulate.

https://news.bitcoin.com/putin-central-bank-unnecessary-barriers-cryptocurrencies/

[UnicomICO]

As far as I know, there's still no acting legislation regarding cryptocurrencies.
They just create acts for furhter consideration and sometimes it takes really long before the acts are accepted!

[bitdos]

it is time for decentralized exchange..

[Herbert2020]

Russia never became hot on cryptocurrencies to now turn cold. that article is complete bullshit, trying to create FUD in the market. i don't know why though!
Russia has always had this hit and miss attitude towards cryptocurrencies (which is mostly bitcoin, altcoins are not even talked about really). you hear one official say crypto should be banned, another says crypto is the future and should be legal. next day you see Putin love crypto, tomorrow they say Putin hates crypto.

one things is for sure though:
Russia has not yet banned, prohibited or legalized any cryptocurrency so far.

[rayk]

Unless usa prohibit cryptocurrencies, it does not important. I even don't mention china. These are temporary things, but cryptocurrencies are not.

[Idrisu]

Russia prohibits cryptocoins. Link below.
https://www.reuters.com/article/us-russia-cenbank-bitcoin/russia-turns-cold-on-crypto-currencies-idUSKBN1CF0RF
How do you think the wave  and other coins will cope in such conditions?
What the burger king in russia will now treat as a criminal activity

I have been reading this news since morning and though a little panic but I do believe that it will end as The FUD cleated in China last month by Chinese financial authorities.Banning of bitcoin activities is not the solution to crime activities in our society but putting legal flame work to regulate exchangers activities will bring control to bitcoin's in Russia. China has learned they leason and others countries should stop banned bitcoin as bitcoin not be banned.

[BlomBaster]

Russian who have many cryptocoins continue to use them in any situation, they not for the first time bypass prohibitions. But this can complicate the entrance of beginners.

[covfefe_]

Russia is the mother of most of crypto minds and a lot of people are involved in development, research, mining and holding the cryptocoins.
I don't think it would be easier for Russia to make their law breaking citizen abide any law.

[ruffles2016]

I am pretty sure this is not anything more than threat. They wanna press crypto investors. I don't think legality is their concern. They only care about tax money. So they will regulate.

[junoreactor]

Putin never said he was planning to ban it, but to control it.
As usual these days, once rumor with no reliable source is spread on multiples websites, twitter, facebook, you name it.
I will believe it when it happens.

[wpalczynski]

Nothing has been officialy prohibited or else in Russia...
But more and more countries will try to regulate and control cryptocurrency.

[dzkrb1966]

The poor should be even poorer and work for rich uncles. Should invest in banks under scanty interest and should not think about improving life, this is contrary to the wishes of the oligarchs. Russia is a country of oligarchs. Minister of Finance Siluanov said that only the elite with big money can invest. To enter the stock exchange - what kind of capital should a speculator have? And what about the currency exchange? That's what Uncle Vova does not like, that everyone has a chance. And the person who came to the crypto-exchange market should be aware that he can lose and not go with the last capital.

[~Bitcoin~]

it is time for decentralized exchange..

Yes any decentralized exchange platform that can work with high volume can easily attract huge number of traders right now as in many countries trading of bitcoin is being quite trouble some and localbitcoins like platform is full of scammers so hard to make any legal trades there.

[adam1230]

they can't stop money laundry in traditional money and they are planning to regulate crypto currency.
Its just a new born baby trying to run.

[CoinSavvy]

Russia prohibits cryptocoins. Link below.
https://www.reuters.com/article/us-russia-cenbank-bitcoin/russia-turns-cold-on-crypto-currencies-idUSKBN1CF0RF
How do you think the wave  and other coins will cope in such conditions?
What the burger king in russia will now treat as a criminal activity

It's a usual thing or so-called tactics (you can call it whatever you want), for the Russian government especially, to say one thing and do exactly the opposite. However, it won't stop the changing already happening all over the world. Yes, cryptocurrencies are unregulated and decentralized, but their banning won't help the situation.

[bundo]

The widespread ico ban means they are afraid of their chaotic financial order,
It seems there must be appropriate steps to overcome it if considered criminal so that the investment does not feel harmed, and there is also truth they say that. Because the transactions made can not be monitored by the Russian government.
Unlike the banking services can be controlled by the government, so legal according to state rules.